金融业监管机构小组说,美林林奇(MER)必须向米歇尔(Michele)和罗伯特·比林斯(Robert Billings)支付134万美元,据称歪曲了房利美(Fannie Mae)优先股的风险。曾经拥有害虫防治业务的这对夫妇在2008年根据经纪人Miles Pure的建议,在2008年投入了230万美元。
The Billings claim that Pure told them them that their investment was “safe,” backed by the government, and came with an attractive yield, when, actually, contends the couple, at the time Fannie Mae’s exposure to the residential real estate market that was failing was causing Fannie Mae to lose billions of dollars. Even as the stock’s price went down, they say that Pure discouraged them from selling. They also claim that he didn’t let them know that the financial firm’s own research showed that Fannie Mae was becoming more beleaguered. Not long after, the Billings’ shares lost their value when Fannie Mae went into government conservatorship.
他们提出了他们的申请FINRA仲裁主张辩称民事欺诈,疏忽监督和其他所谓的不法行为。这对夫妇现在已退休,除了其他救济外,还从美林林奇那里寻求100万美元。134万美元的奖励包括惩罚性赔偿。
While a spokesman for Merrill says that the brokerage firm doesn’t agree with the panel’s ruling, the Billings’ securities attorney expressed approval of the outcome. Meantime, the FINRA panel has denied Pure’s request to have the disclosure about this arbitration taken out of public record. Although he was not involved in this case, per the securities industry, all securities brokers who are license must have their connection to any arbitration claim noted in their public records regardless of whether/not if he/she was party to it. (The panel, however, did remove the arbitration disclosure from the record of a brokerage manager who didn’t deal directly/daily with the Billings.)
Pure is now a Morgan Keegan broker. Morgan Keegan is a Raymond James Financial Inc. (RJF) unit. Merrill Lynch is a Bank of America (BAC) subsidiary.
该证券案是bob200体育经济危机后投资者和经纪人仍在发生的一些影响的一个例子。账单只是载有财务损失的众多投资者中的两个,因为据称一家经纪公司歪曲了投资涉及的风险。同时,有关此类损失的更多仲裁索赔仍在审理中。
美林林奇(Merrill Lynch)下令向夫妇支付134万美元,比房利美(Fannie Mae)优先股票,路透社/芝加哥论坛报(Chicago Tribune),2012年10月16日
Bank of America Merrill Lynch hit with $1.3 million arbitration order, Investment News, October 17, 2012
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